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This property looks like a bad Long-Term investment with a projected -15.79% first-year return on $123k initial cash invested.
-15.79%
Cash On Cash
3.24%
Cap Rate
0.51
DSCR
$2,554
Rent
-$1,616
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,554 income − $4,170 expenses = $1,616 out of pocket
Investment Breakdown
|
Purchase Price
$585k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$123k
Downpayment
20%
$117k
Closing costs
1%
$5,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,554
Total Expenses
$4,170
Mortgage P&I
120%
$3,067
Property Taxes
8%
$194
Home Insurance
8%
$205
HOA
2%
$40
Property Management
10%
$255
CapEx
5%
$128
Vacancy
6%
$153
Maintenance
5%
$128
Other
0%
$0